Tender Offer | ₹40.63 Crores | Listed at BSE, NSE | Thu, Mar 24, 2022 - Wed, Apr 6, 2022
Mayur Uniquoters Ltd. Buyback is a tender offer for the repurchase of up to 0.06 crore equity shares at a buyback price of ₹650 per share with a face value of ₹5 per share, aggregating to ₹40.63 crores.
The record date for determining eligible shareholders is Feb 23, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Mar 24, 2022 and closes on Apr 6, 2022, with the last date for receipt of tender forms being Apr 6, 2022.
The finalisation of buyback acceptance is expected on Apr 18, 2022, followed by settlement of bids on Apr 19, 2022.
Chartered Capital & Investment Ltd. is the Manager to the Buyback and Beetal Financial & Computer Services Pvt.Ltd. is the Registrar and Sushil Financial Services s Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Mayur Uniquoters Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Mar 24, 2022
Offer Closing Date
Wed, Apr 6, 2022
Buyback Price
₹650 per share
Record Date
February 23, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 29 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 79 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 5,203.93 | 5,355.43 | 5,948.99 |
| Profit After Tax | 890.38 | 806.43 | 871.67 |
| Net Worth | 6,354.16 | 5,871.61 | 5,229.53 |
| Reserves and Surplus | 6,131.27 | 5,644.97 | 5,002.90 |
Established in 1994, Mayur Uniquoters is the largest manufacturer of artificial leather, using the 'Release Paper Transfer Coating Technology' in India. The company produces 4.05 million linear meters per month, through 7 Italian coating lines. It has also now started a PU coating plant with a current capacity of 6 lacs linear meter per month.
The company's infrastructure consists of a full range of machinery to fulfill their knitting, processing, heat setting, coating, embossing, printing, lacquering, sueding, tumbling, and laminating needs. Mayur Uniquoters physical, chemical, and product development laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications. The company has ISO 9001:2015 certification.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 558.00 | 462.00 | 519.77 |
| Dec-2021 | 635.00 | 464.30 | 553.01 |
| Nov-2021 | 511.00 | 425.00 | 460.96 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 557.60 | 462.35 | 520.32 |
| Dec-2021 | 626.90 | 464.05 | 552.77 |
| Nov-2021 | 509.00 | 424.05 | 461.54 |
The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.
Mayur Uniquoters Ltd.
Village: Jaitpura, Jaipur-Sikar Road,
Tehsil: Chomu,
Jaipur-303704, Rajasthan
Jaipur, Rajasthan, 303704
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
The Mayur Uniquoters Buyback opens on March 24, 2022, and closes on April 6, 2022.
The Mayur Uniquoters Buyback last day to buy is not available as of now.
The Mayur Uniquoters Buyback is a Tender Offer.
Mayur Uniquoters Buyback Schedule
| Buyback Opening Date | March 24, 2022 |
| Buyback Closing Date | April 6, 2022 |
| Last Date for receipt of Tender Forms | April 6, 2022 |
| Finalisation of Buyback Acceptance | April 18, 2022 |
| Last Date for settlment of bids | April 19, 2022 |
| Last Date for Extinguishment of Shares | April 26, 2022 |
The Mayur Uniquoters Buyback is being offered at Rs ₹650 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 29 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 79 Fully paid-up Equity Shares held on the Record Date. |
The issue size of Mayur Uniquoters Buyback is 6,25,000 equity shares at ₹650 per share aggregating up to ₹40.63 Crores.
The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Mayur Uniquoters Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
